Curity, Sweden’s leading supplier of API-driven identity management, accelerates growth with investment led by Fairpoint Capital.
June 3rd 2019
IT-security firm, Curity, hastens growth by completing an investment led by Fairpoint Capital, an offshoot of one of Sweden’s largest banks. With the backing of Fairpoint Capital, Curity plans to extend its team and expand into new markets.
Curity provides unified security solutions for digital services through the Curity Identity Server, which is used for logging in and securing millions of users' access to web and mobile applications as well as APIs and microservices. By leveraging Curity’s technology, which is based on open standards, organizations can offer safe digital services at a larger scale.
The demand for advanced security solutions has increased significantly as organizations in all industries worldwide have digitalized their offerings. In order to satisfy more customers’ demands, Curity sought a reputed and experienced venture capital partner. Fairpoint Capital’s B2B tech focus, track record, shared vision, and solidity made it an ideal choice.
“Curity is a company with huge potential,” says Frederick Johansson, CEO at Fairpoint Capital. “The founders have done a great job developing the business. With exceptional technical knowledge, a unique product and several large European clients, we’re looking forward to working with Curity to expand into new territories,” he added.
Travis Spencer, CEO of Curity, says of the investment that “[w]e are looking forward to working with Fairpoint, and are very pleased that all existing owners participated in this round of financing. This shows that others are as confident in our prospects as we are, and that’s very invigorating. We look forward to using the investment and energy to increase our growth, team, and market share. It will be a very exciting journey.”
Curity plans to use the investment to expand the engineering group, marketing functions and other specialty roles. The growing team will continue to serve and support current clients and geographies, while simultaneously enter new markets, including the US.
Curity is a leading supplier of API-driven identity management, providing unified security for digital services. Curity Identity Server is used for logging in and securing millions of users’ access to web and mobile applications as well as APIs and microservices. Curity Identity Server is built upon open standards and designed for development and operations. We enjoy the trust of large organizations in financial services, telecom, retail, energy and government services who have chosen Curity for their enterprise-grade API security needs. Visit https://curity.io.
About Fairpoint Capital
Fairpoint Capital is a B2B technology investment fund sprung out of SEB Venture Capital. We thus leverage on more than two decades of technology venture capital investments and exits in well over 50 companies. Fairpoint Capital is an active investor that does minority investments in unique technologies and business models that are highly scalable and address global markets with strong growth drivers. Visit https://fairpoint.se.